SAUSALITO, Calif. – Excessive-end furnishings model Serena & Lily is planning an preliminary public providing someday this 12 months, in accordance with business insiders.
Bloomberg is reporting that the corporate may very well be valued at greater than $1 billion in a U.S. IPO, in accordance with a supply Bloomberg mentioned didn’t wish to be named whereas discussing personal data.
Morgan Stanley, Goldman Sachs Group Inc., Financial institution of America Corp. and Jefferies Monetary Group Inc. are working as energetic ebook runners on the proposed itemizing, in accordance with Bloomberg, which added they didn’t reply to requests for remark.
Based in 2003 by textile designer Serena Dugan and former Microsoft Corp. govt Lily Kanter, Serena & Lily is at present led by CEO Lori Greeley.
Whereas IPO quantity hit a file excessive in 2021, listings on U.S. exchanges this 12 months are on the lowest stage for 1 / 4 since 2016, in accordance with information compiled by Bloomberg. Shares of firms which have gone public prior to now 12 months are down 38% on a weighted common foundation, the info present.
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